2009 Form 10-K Financial Statement
#000104746910001151 Filed on February 23, 2010
Income Statement
| Concept | 2009 | 2008 Q4 | 2008 |
|---|---|---|---|
| Revenue | $95.76B | $27.01B | $103.6B |
| YoY Change | -7.6% | -6.45% | 4.9% |
| Cost Of Revenue | $51.97B | $14.07B | $57.97B |
| YoY Change | -10.34% | -11.49% | 1.6% |
| Gross Profit | $43.79B | $12.94B | $45.66B |
| YoY Change | -4.11% | -0.27% | 9.42% |
| Gross Profit Margin | 45.72% | 47.9% | 44.06% |
| Selling, General & Admin | $20.19B | $5.833B | $23.39B |
| YoY Change | -13.65% | -3.04% | 6.01% |
| % of Gross Profit | 46.12% | 45.09% | 51.22% |
| Research & Development | $5.820B | $1.529B | $6.337B |
| YoY Change | -8.16% | -3.59% | 2.99% |
| % of Gross Profit | 13.29% | 11.82% | 13.88% |
| Depreciation & Amortization | $4.994B | $1.321B | $5.450B |
| YoY Change | -8.37% | -1.2% | 4.79% |
| % of Gross Profit | 11.41% | 10.21% | 11.94% |
| Operating Expenses | $26.30B | $7.362B | $29.72B |
| YoY Change | -11.51% | -3.16% | 5.35% |
| Operating Profit | $17.48B | $5.573B | $15.94B |
| YoY Change | 9.69% | 3.82% | 17.92% |
| Interest Expense | -$407.0M | -$126.0M | -$581.0M |
| YoY Change | -29.95% | -18.71% | 167.74% |
| % of Operating Profit | -2.33% | -2.26% | -3.65% |
| Other Income/Expense, Net | $1.529B | $394.0M | $1.332B |
| YoY Change | 14.79% | 10.67% | 13.65% |
| Pretax Income | $18.14B | $5.808B | $16.72B |
| YoY Change | 8.51% | 5.77% | 15.36% |
| Income Tax | $4.713B | $1.382B | $4.381B |
| % Of Pretax Income | 25.98% | 23.79% | 26.21% |
| Net Earnings | $13.43B | $4.426B | $12.33B |
| YoY Change | 8.85% | 11.88% | 18.39% |
| Net Earnings / Revenue | 14.02% | 16.39% | 11.9% |
| Basic Earnings Per Share | $9.02 | ||
| Diluted Earnings Per Share | $10.01M | $3.269M | $8.89 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 1.369B shares | ||
| Diluted Shares Outstanding | 1.388B shares |
Balance Sheet
| Concept | 2009 | 2008 Q4 | 2008 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $13.97B | $12.91B | $12.91B |
| YoY Change | 8.27% | -20.06% | -20.06% |
| Cash & Equivalents | $12.18B | $12.74B | $12.74B |
| Short-Term Investments | $1.791B | $166.0M | $166.0M |
| Other Short-Term Assets | $5.676B | $5.841B | $5.841B |
| YoY Change | -2.82% | 4.71% | 4.71% |
| Inventory | $2.493B | $2.701B | $2.700B |
| Prepaid Expenses | |||
| Receivables | $26.09B | $10.91B | $26.73B |
| Other Receivables | $705.0M | $16.65B | $821.0M |
| Total Short-Term Assets | $48.94B | $49.00B | $49.00B |
| YoY Change | -0.14% | -7.85% | -7.85% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $14.16B | $14.31B | $14.30B |
| YoY Change | -0.98% | -5.15% | -5.16% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $5.379B | $5.058B | $5.058B |
| YoY Change | 6.35% | -3.62% | -3.62% |
| Other Assets | $7.196B | $8.871B | $8.871B |
| YoY Change | -18.88% | 69.04% | -53.14% |
| Total Long-Term Assets | $60.09B | $60.52B | $60.52B |
| YoY Change | -0.72% | -10.01% | -10.01% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $48.94B | $49.00B | $49.00B |
| Total Long-Term Assets | $60.09B | $60.52B | $60.52B |
| Total Assets | $109.0B | $109.5B | $109.5B |
| YoY Change | -0.46% | -9.06% | -9.06% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $7.436B | $7.014B | $7.014B |
| YoY Change | 6.02% | -12.91% | -12.91% |
| Accrued Expenses | $9.728B | $11.20B | $11.20B |
| YoY Change | -13.17% | 6.23% | 6.23% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $1.946B | $0.00 | $2.295B |
| YoY Change | -15.21% | -73.14% | |
| Long-Term Debt Due | $2.222B | $11.24B | $8.942B |
| YoY Change | -75.15% | -8.17% | 142.33% |
| Total Short-Term Liabilities | $36.00B | $42.44B | $42.44B |
| YoY Change | -15.16% | -4.23% | -4.23% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $21.93B | $22.69B | $22.69B |
| YoY Change | -3.34% | -1.52% | -1.52% |
| Other Long-Term Liabilities | $27.86B | $8.192B | $30.55B |
| YoY Change | -8.78% | -66.72% | 29.71% |
| Total Long-Term Liabilities | $49.80B | $8.192B | $53.23B |
| YoY Change | -6.46% | -82.81% | 14.27% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $36.00B | $42.44B | $42.44B |
| Total Long-Term Liabilities | $49.80B | $8.192B | $53.23B |
| Total Liabilities | $86.39B | $95.94B | $96.06B |
| YoY Change | -10.07% | 4.32% | 4.46% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | |||
| YoY Change | |||
| Common Stock | |||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $22.64B | $13.47B | $13.47B |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $109.0B | $109.5B | $109.5B |
| YoY Change | -0.46% | -9.06% | -9.06% |
Cashflow Statement
| Concept | 2009 | 2008 Q4 | 2008 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $13.43B | $4.426B | $12.33B |
| YoY Change | 8.85% | 11.88% | 18.39% |
| Depreciation, Depletion And Amortization | $4.994B | $1.321B | $5.450B |
| YoY Change | -8.37% | -1.2% | 4.79% |
| Cash From Operating Activities | $20.77B | $6.621B | $18.81B |
| YoY Change | 10.42% | 28.46% | 16.93% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$4.077B | -$1.381B | -$4.887B |
| YoY Change | -16.57% | -29.76% | -11.23% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$2.653B | $502.0M | -$4.398B |
| YoY Change | -39.68% | -83.62% | -629.88% |
| Cash From Investing Activities | -$6.730B | -$879.0M | -$9.285B |
| YoY Change | -27.52% | -180.05% | 98.61% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -14.70B | -2.868B | -11.83B |
| YoY Change | 24.23% | 361.84% | 149.64% |
| NET CHANGE | |||
| Cash From Operating Activities | 20.77B | 6.621B | 18.81B |
| Cash From Investing Activities | -6.730B | -879.0M | -9.285B |
| Cash From Financing Activities | -14.70B | -2.868B | -11.83B |
| Net Change In Cash | -657.0M | 2.874B | -2.306B |
| YoY Change | -71.51% | -48.96% | -134.56% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $20.77B | $6.621B | $18.81B |
| Capital Expenditures | -$4.077B | -$1.381B | -$4.887B |
| Free Cash Flow | $24.85B | $8.002B | $23.70B |
| YoY Change | 4.86% | 12.39% | 9.75% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2009 | us-gaap |
Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
|
68650727 | shares |
| CY2008Q4 | us-gaap |
Inventory Net
InventoryNet
|
2701000000 | USD |
| CY2008 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
16715000000 | USD |
| CY2008 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
8.89 | |
| CY2008 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
8.89 | |
| CY2008 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
9.02 | |
| CY2008 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
9.02 | |
| CY2008 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
1387797198 | shares |
| CY2008 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
1369367069 | shares |
| CY2007 | us-gaap |
Revenues
Revenues
|
98786000000 | USD |
| CY2007 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
7.15 | |
| CY2007 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
7.15 | |
| CY2007 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
7.27 | |
| CY2007 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
7.27 | |
| CY2007 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
1456880751 | shares |
| CY2007 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
1433935221 | shares |
| CY2008 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-11834000000 | USD |
| CY2008 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-2250000000 | USD |
| CY2007 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
16094000000 | USD |
| CY2007 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
6969000000 | USD |
| CY2007Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
28615000000 | USD |
| CY2008 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
|
-3552000000 | USD |
| CY2008 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
|
-18431000000 | USD |
| CY2006Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
28635000000 | USD |
| CY2008Q4 | us-gaap |
Assets
Assets
|
109524000000 | USD |
| CY2008Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
8192000000 | USD |
| CY2008Q4 | us-gaap |
Liabilities
Liabilities
|
95939000000 | USD |
| CY2008Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
13465000000 | USD |
| CY2008Q4 | us-gaap |
Minority Interest
MinorityInterest
|
119000000 | USD |
| CY2008Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
13584000000 | USD |
| CY2008Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
109524000000 | USD |
| CY2007 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
|
726000000 | USD |
| CY2007 | us-gaap |
Cumulative Effect Of Initial Adoption Of Fin48
CumulativeEffectOfInitialAdoptionOfFIN48
|
117000000 | USD |
| CY2007 | us-gaap |
Stockholders Equity Other
StockholdersEquityOther
|
-10000000 | USD |
| CY2008 | us-gaap |
Stockholders Equity Other
StockholdersEquityOther
|
-33000000 | USD |
| CY2009 | us-gaap |
Revenues
Revenues
|
95758000000 | USD |
| CY2009 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
51973000000 | USD |
| CY2009 | ibm |
Expense And Other Income
ExpenseAndOtherIncome
|
25647000000 | USD |
| CY2009Q4 | us-gaap |
Assets Current
AssetsCurrent
|
48935000000 | USD |
| CY2009Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
36002000000 | USD |
| CY2009Q4 | us-gaap |
Liabilities
Liabilities
|
86267000000 | USD |
| CY2009Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
22755000000 | USD |
| CY2009 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-6729000000 | USD |
| CY2009 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
|
1732000000 | USD |
